CTS Corporation and Subsidiaries
 Condensed Consolidated Balance Sheets - Unaudited
 (In thousands of dollars)
 

 

  

April
3, 2005 
 

  

December   
   31, 2004 *  
 
 

 

        
Cash and cash equivalents    $58,237   $61,005
Accounts receivable, net    97,535    84,112
Inventories, net    57,124    42,734
Other current assets    19,419    16,295
      Total current assets    232,315    204,146
         
Property, Plant & Equipment, net    115,675    112,495
Other Assets    246,651    205,536
           
  Total Assets    $594,641    $522,177
         
         
Notes payable and current portion of long-term debt    $3,954    $3,311
Accounts payable    72,731    55,614
Other accrued liabilities    44,494    44,036
      Total current liabilities    121,179    102,961
         
Long-term debt    133,861    94,150
Other obligations    15,255    14,362
Shareholders' equity    324,346    310,704
           
  Total Liabilities and
Shareholders' Equity		        
 $594,641  $522,177
         

*

 The balance sheet at December 31, 2004 has been derived from the audited
financial statements at that date.